Welcome to our dedicated page for Hormel Foods news (Ticker: HRL), a resource for investors and traders seeking the latest updates and insights on Hormel Foods stock.
Hormel Foods Corporation reports developments as a global branded food company with a portfolio spanning Planters, Skippy, SPAM, Hormel Natural Choice, Applegate, Wholly, Hormel Black Label, Columbus, Jennie-O and other food brands. Company updates commonly address quarterly earnings, dividends on common stock, product and menu innovation, foodservice offerings, retail launches, and portfolio actions across perishable and shelf-stable foods.
Recent corporate news also reflects Hormel's shift toward value-added proteins, including the completed sale of its whole-bird turkey business while retaining the Jennie-O brand and value-added turkey products. Other recurring themes include food safety and quality leadership, community programs tied to food security, and brand activity in categories such as pizza toppings, sauces, marinades, nut butters and packaged proteins.
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The JENNIE-O turkey brand announced the return of its float, The Big Turkey Spectacular, at the 96th Macy's Thanksgiving Day Parade on November 24, 2022. This marks the third consecutive year of participation. The float, measuring 36 feet long, 25 feet wide, and 24 feet tall, features over 200 pounds of glitter and a motion-activated top hat with baby turkey figures. Singer Paula Abdul will perform her hit 'Straight Up' from the float. Throughout November, Jennie-O will provide consumer support for holiday meal planning via its hotline and online resources.
This holiday season, PLANTERS introduces limited-edition nut varieties, including new Butter Cinnamon Pecans and Cocoa Almonds, available at grocery stores nationwide starting November 2022. Customers can enter the brand's 'To All A Good Nut' sweepstakes for a chance to win $10,000 and a visit from the MR. PEANUT character and his Nutmobile by purchasing holiday varieties by Dec. 31, 2022. The initiative aligns with PLANTERS' tradition of being a centerpiece in holiday celebrations, enhancing festive gatherings.
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Jennie-O has partnered with chef Carla Hall to honor school cafeteria staff in Knoxville, TN, through School Cafeteria Takeovers. This initiative, launched on Oct. 28, 2022, aims to celebrate these essential workers by providing them with a special meal and relaxation. Hall will lead cooking tutorials and offer amenities while Jennie-O supports the program with $25,000 allocated to schools in need. The brand's commitment includes serving over 5,000 school districts in the U.S., reinforcing its position as a leading turkey provider in K-12 nutrition.
Hormel Foods Corporation (NYSE: HRL) announced that its internship program has been recognized in the 2023 Vault Best Internships ranking, specifically for the retail and consumer products industry as well as top engineering roles. The program was evaluated based on various factors, including quality of life and career development. Hormel Foods aims to recruit summer interns for various facilities and offices. The company has a history of successfully converting interns to full-time employees, further showcasing its commitment to workforce development.
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Hormel Foods Corporation (NYSE: HRL) has appointed Scott Aakre as the senior vice president of its new Brand Fuel center of excellence. This initiative aims to enhance consumer insights and innovation across its portfolio of over 30 brands. Following a recent operating model evolution, the Brand Fuel center will drive innovation, brand diagnostics, and support technology. Aakre brings 30 years of experience at Hormel, having previously led various marketing roles, and is recognized for the company's successful innovation efforts.
On October 12, 2022, the Jennie-O turkey brand announced a partnership with chef Carla Hall to celebrate school cafeteria staff through events in multiple cities. Hall will host 'School Cafeteria Takeovers' from October 2022 to May 2023, including visits to Knoxville, Los Angeles, Houston, and Detroit. The initiative will provide meals, baking tutorials, and $25,000 to support school cafeterias. Jennie-O is a leading provider of turkey to U.S. schools, serving over 5,000 districts and holding a significant share in top districts.
Hormel Foods Corporation (NYSE: HRL) appointed Katie Larson as senior vice president of human resources, effective October 10, 2022. With over 20 years at Hormel, Larson will lead the global HR function, continuing the company's commitment to a people-first strategy. Her experience includes roles in labor relations and diversity initiatives. Hormel Foods, based in Austin, Minnesota, generates over $11 billion in annual revenue and has been recognized as one of the World's Best Employers by Forbes.